Back to collectionA Mining Exodus Begins as Policy Lands
Background: The aftershocks of the May 19 crash were still felt. Today: China’s policy to clear out mining took effect, and a large migration of miners began. Impact and next: On May 19, people had worried about whether their assets and projects could survive the crash.
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Background: The aftershocks of the May 19 crash were still felt. The studio kept building its game while community members faced market turmoil and news about domestic regulation. That day, the implementation of mining restrictions shifted the group’s attention to how the industry might change.
Today: China’s policy to clear out mining took effect, and a large migration of miners began. Some in the group lamented that mining operations would have to move; others wondered whether the familiar industry map would change for good. The conversation turned from how far prices had fallen to where people would take their equipment and lives next.
Impact and next: On May 19, people had worried about whether their assets and projects could survive the crash. Today they saw that policy could also force industry participants to relocate. The studio stayed focused on its product, while the group had yet to find an answer to the uncertainty brought by this migration.